A Power Purchase Agreement (PPA) is a legal agreement between an energy buyer and an energy producer. The purpose of a Power Purchase Agreement (PPA) is to allow a buyer to purchase energy created from a renewable energy sources at a fixed price over a predetermined period of time.
Under a PPA, the energy producer agrees to sell all or a portion of the energy that they created with their renewable energy source to the energy buyer. The buyer then agrees to purchase the energy at a fixed price per unit, which is usually lower than the price of electricity from other traditional sources.
PPAs are often used to finance a business’s renewable energy projects because they can provide a long-term income stream for the energy producer. Businesses can invest in renewable energy sources such as solar panels and produce their own renewable energy. This also allows the business to sell a percentage of the energy that they produce to buyers. Alternatively, businesses can search to find renewable energy companies that sell green energy bought from other producers.
Here at The Energy Experts, we provide businesses with solar power systems that create free energy for personal use and the opportunity to sell back any unused energy you create.
PPAs are an important tool for promoting the development of renewable energy projects. For more information about our systems and how we tailor services to suit your business, you can contact our dedicated team.
If you’re interested in one of our solar power systems or would like more information about PPAs, feel free to get in touch with our team today. We provide all of our customers personalised advice and consultations with a competitively priced quote for any of our services.
"*" indicates required fields